Chimera Investment Corporation (NYSE: CIM) is -10.55% lower on its value in year-to-date trading and has touched a low of $4.76 and a high of $10.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIM stock was last observed hovering at around $4.88 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $5.50 for the next 12 months. It is also 18.0% off the consensus price target high of $6.00 offered by 6 analysts, but current levels are 10.55% higher than the price target low of $5.50 for the same period.
Currently trading at $4.92, the stock is -4.24% and -8.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 0.82% at the moment leaves the stock -24.08% off its SMA200. CIM registered -46.15% loss for a year compared to 6-month loss of -23.48%. The firm has a 50-day simple moving average (SMA 50) of -$138.15.
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The stock witnessed a -11.83% gain in the last 1 month and extending the period to 3 months gives it a -25.57%, and is 2.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.74% over the week and 3.46% over the month.
Chimera Investment Corporation (CIM) has around 39 employees, a market worth around $1.18B and $678.50M in sales. Fwd P/E is 5.78. Profit margin for the company is -39.30%. Distance from 52-week low is 3.36% and -53.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.90%).
Chimera Investment Corporation (CIM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Chimera Investment Corporation (CIM) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 2.80, where 5 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Chimera Investment Corporation is expected to release its quarterly report on 08/02/2023.The EPS is expected to shrink by -202.90% this year.
Chimera Investment Corporation (CIM) Top Institutional Holders
The shares outstanding are 232.00M, and float is at 228.63M with Short Float at 4.21%.
Chimera Investment Corporation (CIM) Insider Activity
A total of 11 insider transactions have happened at Chimera Investment Corporation (CIM) in the last six months, with sales accounting for 4 and purchases happening 7 times.
Chimera Investment Corporation (CIM): Who are the competitors?
The company’s main competitors (and peers) include Cherry Hill Mortgage Investment Corporation (CHMI) that is trading -26.25% down over the past 12 months and Redwood Trust Inc. (RWT) that is -37.64% lower over the same period. Annaly Capital Management Inc. (NLY) is -25.91% down on the 1-year trading charts.